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Low-Income Housing Tax Credit:

Tax Credit Percentages

2011

  30% 70%

January
Rev. Rul. 2011-2

 3.29%

7.67*%

February
Rev. Rul. 2011-4

 3.32%

7.75*%

March
Rev. Rul. 2011-6

 3.33%

7.78*%

April
Rev. Rul. 2011-10

 3.33%

7.78*%

May
Rev. Rul. 2011-11

 3.33%

7.77*%

June
Rev. Rul. 2011-13

 3.31%

7.73*%

July
Rev. Rul. 2011-14

 3.29%

7.68*%

August
Rev. Rul. 2011-16

 3.28%

7.66*%

September
Rev. Rul. 2011-20

 3.26%

7.60*%

October
Rev. Rul. 2011-22

 3.20%

7.48*%

November
Rev. Rul. 2011-25

 3.19%

7.44*%

December
Rev. Rul. 2011-31

 3.20%

7.47*%

*Note:

Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before January 1, 2014, shall not be less than 9%. For more information see IRS Notice 2008-106, which provides guidance on applying the 9% floor, or the Housing and Economic Recovery Act of 2008, which set the 9% minimum tax credit percentage rate for the 70% credit.

 

Historical Low-Income Housing Tax Credit Percentages 1988 - 2011

Source: Novogradac & Company LLP